Global Economic News

UK Private Sector Contracts Marginally In February

The UK private sector output contracted only marginally in February reflecting a near-stabilization in services activity amid continuing recovery in manufacturing, a closely watched survey showed on Friday.

The IHS Markit/Chartered Institute of Procurement & Supply flash composite output index climbed more-than-expected to 49.8 in February from 41.2 in January.

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by RTTNews Staff Writer

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